Keweenaw Economic Development Alliance

“Expenses office supplies 124 travel 1,930 conferences/meetings 2,588 meals 212 insurance 1,015 bank charges 555 contract services 125,767 internet 50 telephone 400 meals 2,355 non-investment depreciation 50 total 135,046”

“Book / tax depreciation difference -30”

“Accounts receivable 2,831 2,126 pm power group 52,659 41,057 up north pizzeria 28,821 21,045 superior transportation 0 5,830 rave salon 0 11,127 iperservered 0 27,554 embody studio 0 20,429 black ice comics 0 14,715 5,697 5,697 less accumulated depreciation 5,084 5,164 total 84,924 144,416”

“Prepaid dues 0 0 scholorships awarded 0 0”

“Improving the economy of the keweenaw region in order to relieve poverty and lessen neighborhood tension caused by the lack of jobs, combat community deterioration by stabilizing and rehabilitating downtown buildings, developing a mix of housing, establishing new businesses, growing existing businesses, eliminating conditions of blight, and providing benefit to the under and unemployed.”

“Fostering business growth including over 300 regular retention visits, covid small business outreach to 1,000+ businesses, made 6 krlf covid response loans, processed 303 applications for michigan small business relief grants and loans, match on main covid grants, and michigan restart grants - 60% of time/expenses”

“Other includes infrastructure development, enhancing cultural and recreation opportunities, fundraising, and administration”